He added: "At BandPage, we've seen bands increase their net revenue by as much as 25% by adding experiences like VIP backstage passes, online concerts, custom recordings and more. And fans absolutely love the opportunity to connect with their favourite artists in this way."

Spotify has previously been criticised by artists for not paying them enough, with Radiohead's Thom Yorke famously referring to the service as "the last desperate fart of a dying corpse".